(KSPI) Joint Stock Kaspi.kz - Ratings and Ratios

Joint Stock Company Kaspi.kz, incorporated in 2008 and headquartered in Almaty, Kazakhstan, operates as a leading fintech and e-commerce platform in Central Asia and Eastern Europe. Through its subsidiaries, the company provides an integrated suite of payments, marketplace, and fintech solutions, serving both consumers and merchants across Kazakhstan, Azerbaijan, and Ukraine. Kaspi.kz has established a strong presence in the region by leveraging its proprietary technology, extensive merchant network, and data-driven insights to deliver seamless financial and commerce experiences.

The company’s business is divided into three core segments: Payments, Marketplace, and Fintech. The Payments segment offers a comprehensive platform enabling transactions between consumers and merchants, including bill payments, peer-to-peer transfers, and merchant payment processing. It also provides tools for invoice management, supplier payments, and transaction analytics. The Marketplace segment connects merchants with consumers through omnichannel solutions, including m-commerce, e-commerce, and travel booking services. Kaspi Travel, for instance, allows users to book flights, rail tickets, and package holidays, while its e-grocery and classifieds platforms further expand its ecosystem. The Fintech segment delivers consumer finance products such as buy-now-pay-later options and savings solutions, as well as merchant finance services. Additionally, the company operates in banking, distressed asset management, real estate, and information storage services.

Kaspi.kz’s integrated platform is supported by its proprietary data capabilities, which enable merchants and consumers to make informed decisions. The company’s services are accessible through its mobile app and web platforms, catering to a diverse user base. With a strong focus on innovation and market expansion, Kaspi.kz has positioned itself as a key player in the digital transformation of financial and commerce services in emerging markets.

Ticker Symbol: KSPI
Exchange: NASDAQ
Type: common stock
Country Origin: Kazakhstan
GICS Sub Industry: Consumer Finance

Average Volume 20d: 282,550
Last Price: 82.02
SMA 20: 88.59
SMA 50: 95.91
SMA 200: 106.86
ATR: 3.85

Market Cap: $16,667.56M USD
P/E: 8.21
P/B: 5.58
P/S: 0.01
RoE: 70.46

3-Month Forecast:
Based on the technical and fundamental data, Kaspi.kz (KSPI) is expected to face headwinds in the near term. The stock is currently trading below its SMA 20, SMA 50, and SMA 200, indicating bearish momentum. The ATR of 3.85 suggests moderate volatility. The low P/S ratio of 0.01 highlights undervaluation, but the high P/B ratio of 5.58 signals elevated valuations relative to book value. With an RoE of 70.46, the company demonstrates strong profitability. Over the next three months, KSPI is likely to test support at $78.50, with potential resistance at $92.30. Investors should monitor earnings reports and macroeconomic trends in Kazakhstan and Ukraine for further guidance.